Search found 121 matches

by mickroark
Tue Jul 26, 2016 9:15 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 10772

Re: What is your plan if you loose job tomorrow ??

Lost my job 5 years ago and just said the heck with it and went fishing. Gone fishing ever since and having a blast. Fun is worth more to me than money, because all my relatives died with way too much money.
by mickroark
Tue Jul 26, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Check Fraud
Replies: 26
Views: 4310

Re: Check Fraud

I have experienced check fraud, and I need to tell you that you will need to wait for the police to investigate this. They will need proof of the fraud to present to the to the county prosecutors office. This could even involve a photo lineup. This also could take a year or two maybe more. I think i...
by mickroark
Sat Jul 16, 2016 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Due I need medical auto insurance-I have Medicare?
Replies: 9
Views: 1441

Re: Due I need medical auto insurance-I have Medicare?

If I read my policy correctly medical payments in the amount of $5000.00 will pay for me only, if I am in a at-fault accident. And I think if my passenger is hurt the liability coverage would pay for him or her. Anyone know for sure?
by mickroark
Fri Jul 15, 2016 10:21 am
Forum: Personal Consumer Issues
Topic: What to do with old car?
Replies: 10
Views: 1421

Re: What to do with old car?

I did a google search for companies that would give me a crusher scrap metal price. I did not want to drive it to the crusher, because I did not have insurance. I found a public company listed on the NASDAQ that came out and gave me a check for like $600.00, and towed it away. Could not of been happ...
by mickroark
Thu Jul 14, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 4380

Re: My First RMD

Sure glad mine is in a Roth and I don't have to think about that one. :greedy
by mickroark
Fri Jul 08, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of purchasing a home, talk me out of it. can my plan work?
Replies: 47
Views: 5353

Re: thinking of purchasing a home, talk me out of it. can my plan work?

My advise is don't buy a home as an investment. With interest rates as low as they are we are now in a bubble. Homes are not liquid investments and after taxes and insurance and upkeep, homes can be a burden. But buying a home for a nice place to live is a different story. Some people need the space...
by mickroark
Mon Jul 04, 2016 10:33 am
Forum: Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 8356

Re: Why is everyone everywhere saying to buy gold?

I have always owned gold an always will. I own a small amount as a currency hedge. I own an IAU ETF in my Vanguard brokerage account. I avoid trying to time the market with Gold.
by mickroark
Fri Jul 01, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6391

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

My secondary market annuity was issued by Met Life, and I am on my second year of monthly payments. They have never missed a payment, and they do a direct deposit to my US Bank account. So like you, I did have second thoughts about the state guarantee associations, this is why I bought thru a known ...
by mickroark
Fri Jul 01, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6391

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

These are secondary market brokered spia's. You need to search thru a broker or secondary marketer.
by mickroark
Fri Jul 01, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6391

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

NO that's 3.75% per year for 3 years.
by mickroark
Fri Jul 01, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6391

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

I used to buy brokered CD's but now I buy brokered SPIA annuities. I just bought one that pays out for 3 years. You get your principal and 3.75% interest (tax deferred) paid back in 3 years. No calls here. :sharebeer
by mickroark
Tue Jun 21, 2016 6:36 pm
Forum: Personal Investments
Topic: Wanting to start direct bond investing.
Replies: 22
Views: 2615

Re: Wanting to start direct bond investing.

I used to buy individual bonds in my Vanguard brokerage account. I bought a AAA school bond issued by Detroit Public Schools. Almost lost all my money, but was wise when the news first hit and I sold. There is no risk free investments, and the use of a mutual fund helps protect you in case one (bond...
by mickroark
Tue Jun 21, 2016 5:48 pm
Forum: Personal Investments
Topic: Best way to invest large sum for about a year
Replies: 8
Views: 1005

Re: Best way to invest large sum for about a year

One year deferred annuity 1.50%.
by mickroark
Thu Jun 16, 2016 8:31 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 12402

Re: Bogle says "You don't need bonds ?"

Funny things happen, as my two Vanguard bond funds hit a 52 week hi yesterday. :dollar
by mickroark
Tue Jun 14, 2016 8:45 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 23343

Re: Any Porsche 911 owners here?

My boss had a one, but unfortunately the bank repossessed it. Another one of those living beyond his or her means. My dad said if you cannot pay cash for something, then you cant afford it. :oops:
by mickroark
Tue Jun 14, 2016 6:56 am
Forum: Personal Consumer Issues
Topic: Help! Microsoft kills WIN Live Mail-2012
Replies: 22
Views: 3682

Re: Help! Microsoft kills WIN Live Mail-2012

I use centurylink.net as an ISP, and they have their own email server. Before that I used Thunderbird and it was just ok.
by mickroark
Fri Jun 10, 2016 11:26 am
Forum: Personal Investments
Topic: Vanguard Managed Payout Investor (VPGDX)
Replies: 4
Views: 1679

Re: Vanguard Managed Payout Investor (VPGDX)

I am using it to take distributions out of my Roth IRA. So far so very good. I am only using it for a portion of my Roth IRA, but if it keeps up like it has I will add more. :sharebeer :moneybag
by mickroark
Tue Jun 07, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: After 30 yrs at Megacorp my IT job was surplussed...
Replies: 52
Views: 9702

Re: After 30 yrs at Megacorp my IT job was surplussed...

Spend that money now and enjoy it. It does not spend well at 6 feet under. I have witnessed that most retirees live around 5 years, depending on if they smoked or not. My father in law just passed away with too much money leftover, he always told to me you cannot take it with you. Its true believe me.
by mickroark
Sat Jun 04, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Looking for good home insurance
Replies: 16
Views: 2374

Re: Looking for good home insurance

I got quotes recently because Allstate was doing the same thing to me. I quoted every property insurance company on the planet and went with Nationwide. I have a good clue rating so I thing that helps some, but what I noticed is that most companies had a vastly different figure of my homes real valu...
by mickroark
Thu Jun 02, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross and his June 2016 investment outlook
Replies: 50
Views: 7747

Re: Bill Gross and his June 2016 investment outlook

Buy annuities and you don't have to think of all that nonsense. Its kind of like (nothing new in the world).
by mickroark
Tue May 31, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: looking to replace my old fridge from 1992
Replies: 12
Views: 1701

Re: looking to replace my old fridge from 1992

I bought a Whirlpool in 1975 at my first condo and moved it to a house I bought in 1984. Still runs great, and I have only replaced a $48.00 fan part in that long of time. So its 41 years old and still runs like new. Take that and shove it in your inflation hedge.
by mickroark
Sat May 28, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 3700

Re: "Indexed Annuities: The Big Lie" by Don McDonald

Sounds kind of like kinder garden. I will show you mine if you show me yours.
by mickroark
Sat May 28, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 3700

Re: "Indexed Annuities: The Big Lie" by Don McDonald

What crazy thing about this discussion is that it seems these annuities are only bought in or near retirement. Yes they are bad investments then. These products are best suited for someone in their 30-40's. With time to grow and no loss of principal, they will easily outperform stocks and bonds for ...
by mickroark
Sat May 28, 2016 7:13 am
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 3700

Re: "Indexed Annuities: The Big Lie" by Don McDonald

Boy, I bought my equity index annuity in 2008 and it has done exactly what I bought it for. But I never got that steak dinner. Maybe I should call my insurance company.
by mickroark
Tue May 17, 2016 5:50 pm
Forum: Personal Consumer Issues
Topic: Verizon Fios Customers - Watch your invoice
Replies: 8
Views: 1523

Re: Verizon Fios Customers - Watch your invoice

Telecommunication companies have the highest consumer complaints than any other industry in the USA. :twisted:
by mickroark
Tue May 17, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Estate As Beneficiary Of A Deferred Annuity
Replies: 5
Views: 950

Re: Estate As Beneficiary Of A Deferred Annuity

Problem is that the step up basis could be at a loss of 50% of the principal. Where the deferred annuity is not. If I were the beneficiary, I would be ok in paying the tax on the gains of the deferred annuity, then to pay no tax on the loss in the stock and bond portfolio. Real estate turns out to b...
by mickroark
Tue May 17, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Hail damage on roof; what to do with Insurance Providers' $9,950 check
Replies: 51
Views: 19829

Re: Hail damage on roof; what to do with Insurance Providers' $9,950 check

You should be able to find a contractor to give you a new roof for the amount of your check. I would get a new roof because things don't go down in the price of building materials. Down the road you may need to pay much more. Get it done now would me my choice.
by mickroark
Fri May 13, 2016 8:02 pm
Forum: Personal Investments
Topic: Unbelievably frustrated with Vanguard website
Replies: 8
Views: 2510

Re: Unbelievably frustrated with Vanguard website

I think this issue is due to a slow data transmission. I noticed the same thing when I had a slow internet connection. I think they changed their website for exchanges, and a slow connection caused a problem they didn't have before. I would call the Vanguard Internet Specialist.
by mickroark
Fri May 13, 2016 8:13 am
Forum: Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 10355

Re: Won the game - time to quit playing?

I retired at 58 after winning the game, and I am now 63. My decision was to go 50% annuities. I now receive $7500 a month for as long as I live. If my wife outlives me she can either cash in the annuities or keep getting the $7500/mo payments. I also have over 1mil in cash. I have yet to claim my So...
by mickroark
Tue May 10, 2016 9:29 am
Forum: Personal Consumer Issues
Topic: Drill chuck only accepts 1/4" hex bits
Replies: 17
Views: 3059

Re: Drill chuck only accepts 1/4" hex bits

I sold tools for a career for 30 years, so you could call me a tool junky. No doubt they have improved cordless drills in the last 10 years, there is still a market for corded drills. As far as the chucks are concerned, keyless chucks are the craze because of their convenience, but I must say they d...
by mickroark
Mon May 02, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: Any Jeep auto buyers recently
Replies: 10
Views: 1822

Re: Any Jeep auto buyers recently

Just bought a new 2016 Jeep Cherokee. It meets all of your criteria. The transmission is a 9 speed select track. It uses a new technology to use the 4 wheel efficiently. I would check this vehicle out. This is not a Jeep Grand Cherokee, just a Cherokee.
by mickroark
Thu Apr 28, 2016 9:12 am
Forum: Personal Consumer Issues
Topic: centurylink raising prices while under contact
Replies: 15
Views: 3784

Re: centurylink raising prices while under contact

Sometimes I wish we could go back to the horse and buggy days. Go to the post office and send a telegraph. Go dancing on Saturday nights. This sounds like more fun than we are having now, always trying to lower our 21th century bills.
by mickroark
Thu Apr 28, 2016 8:52 am
Forum: Personal Consumer Issues
Topic: Best auto/home insurance?
Replies: 13
Views: 1900

Re: Best auto/home insurance?

Nationwide is on my side. Switched to Nationwide because of Payton Manning. I am an avid Broncos fan too. But I had Allstate for years and called every insurance company on the planet, not just for price but the policies themselves. Nationwide had the best deal and they were the easiest to deal with...
by mickroark
Wed Apr 27, 2016 8:44 am
Forum: Personal Investments
Topic: if you HAD to pick 2 actively managed funds???
Replies: 45
Views: 5634

Re: if you HAD to pick 2 actively managed funds???

I would chose the Vanguard Dividend Growth fund and the Vanguard Explorer Value fund. :moneybag
by mickroark
Wed Apr 20, 2016 12:32 pm
Forum: Personal Consumer Issues
Topic: Inexpensive place to fax from?
Replies: 11
Views: 1540

Re: Inexpensive place to fax from?

My Dell pc has a fax printer built in. I just scan the documents from my Canon printer scanner to pdf files and then fax away. No Charge. :moneybag
by mickroark
Wed Apr 13, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: home security and homeowners
Replies: 23
Views: 2927

Re: home security and homeowners

Your neighbors are your best security. Get to know them better also get your community involved in a neighborhood watch program thru your local police department. We have a street sign that says, this is a neighborhood watch program. I went to a local police expo on crime and the number one biggest ...
by mickroark
Sat Apr 09, 2016 7:38 am
Forum: Personal Consumer Issues
Topic: MS OneDrive - changes to free storage
Replies: 4
Views: 724

Re: MS OneDrive - changes to free storage

Just checked my One Drive this morning, and it says I am receiving 15GB Free.
by mickroark
Tue Apr 05, 2016 6:02 pm
Forum: Investing - Theory, News & General
Topic: Please explain Fixed Indexed Annuities
Replies: 35
Views: 3693

Re: Please explain Fixed Indexed Annuities

Ok I am going to disclose the numbers. But you must realize I am saying that these are long term investments, and you cannot lose your principal investment. For full discloser I bought this as a means retirement income. I wanted the LIBR benefit so when I am ready I want the income not the account v...
by mickroark
Tue Apr 05, 2016 2:02 pm
Forum: Investing - Theory, News & General
Topic: Please explain Fixed Indexed Annuities
Replies: 35
Views: 3693

Re: Please explain Fixed Indexed Annuities

This is a reply to donaldfair21. I can reply to you because it sounds like you have a open mind to start with. Please remember annuities are usually sold not bought like a mutual fund. Like all investments there are good advisors and bad ones. Fixed index annuities are long term investments which wi...
by mickroark
Tue Apr 05, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: Please explain Fixed Indexed Annuities
Replies: 35
Views: 3693

Re: Please explain Fixed Indexed Annuities

I have one and own one and love it. I would reveal the account statement but the annuity pessimist on this board would doubt it. To explain these in under 15 min is kind of hard especially when this board will try to tear it apart.
by mickroark
Sat Apr 02, 2016 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Another reason why delaying SS is a good idea (from Jonathan Clements)
Replies: 22
Views: 4170

Re: Another reason why delaying SS is a good idea (from Jonathan Clements)

I know this might not make any sense for this thread, but both my father and father in law delayed their SS and died early. One at 67 no SS, and one at 76 six years of SS. I think delaying is a mistake for males because they tend to die early. This is just the odds like betting on football games.
by mickroark
Fri Apr 01, 2016 11:00 am
Forum: Personal Investments
Topic: Thoughts on Indexed Annuity?
Replies: 31
Views: 3004

Re: Thoughts on Indexed Annuity?

SGM I bought one in 2011 and could reveal the account values as of date, but I feel so ignorant after your post that maybe this would not be a good idea. The numbers are so good that you would most likely think something is wrong, and I am too ignorant to read the statement.
by mickroark
Fri Apr 01, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3250
Views: 558128

Re: What are you up YTD? [Year To Date]

up 2.83% ytd

35% stocks
50% bonds
10% gold
5% alternatives
by mickroark
Fri Apr 01, 2016 8:07 am
Forum: Personal Investments
Topic: Thoughts on Indexed Annuity?
Replies: 31
Views: 3004

Re: Thoughts on Indexed Annuity?

Most investment people on the bogleheads do not understand annuities. I do believe that when indexed annuities first came out about 12 years ago, most bank and brokerage investment advisors said to stay away. Now that has all changed and the sales of these have skyrocketed. This is because after bei...
by mickroark
Mon Mar 28, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: When does hiring lawyer for auto accident makes sense?
Replies: 26
Views: 3264

Re: When does hiring lawyer for auto accident makes sense?

I just won a personal injury case against a major Grocery chain. What I found out in the process was that you will need to have proof of everything, so get your case started as soon as possible. Lawyers usually take personal injury cases on a percentage basis with no up front fees. You will need pic...
by mickroark
Sat Mar 26, 2016 9:13 am
Forum: Personal Consumer Issues
Topic: Question: Should we sue the cable company?
Replies: 26
Views: 5295

Re: Question: Should we sue the cable company?

Most homeowners policies that I am aware of limit sewer backup loses to $1000.00. That's after your deductible. So for me I would be sol.
Ps!
sol= sorry out of luck
by mickroark
Fri Mar 18, 2016 11:02 am
Forum: Personal Consumer Issues
Topic: Well...Identity theft...
Replies: 29
Views: 4529

Re: Well...Identity theft...

The State of Florida just sentenced a criminal to 8 years in prison for identity theft. This person had over 1000 peoples SS numbers, and was filing bogus tax returns and health insurance claims on these numbers. Eight years in prison sounds like a just reward for such and endeavor. I guess I just d...